Capitalized Equipment

Section 2.1 CSU Fullerton Asset Management Policy Manual

 

The following procedure shall be adhered to when capitalized equipment meets all of the following criteria:

  1. Capitalized Equipment:
    1. A unit acquisition cost of $5,000 or greater (including all costs incurred to acquire and to ready the asset for its intended use such as purchase price, applicable tax, freight, etc.)
    2. An estimated life of greater than one year
    3. Is not permanently attached to or incorporated in the CSU buildings and grounds, and
    4. Is used to conduct CSU business
  2. If capitalized equipment meets all of the above criteria then the corresponding department must contact and coordinate with the Asset Management Office for tagging and inventory purposes. Detailed guidelines on capitalization of assets can be found in the Capital Asset Guide of the CSU GAAP Reporting Manual.
  3. If the equipment has been delivered directly to the CSUF Shipping and Receiving warehouse (T-1100) the Asset Management Office will tag the equipment there if it is easily accessible. However, if the equipment is not tagged at the CSUF Shipping and Receiving warehouse due to equipment packaging, weight, size, etc. then it is the corresponding department’s responsibility to contact and coordinate with the Asset Management Office for tagging once the equipment has been taken out of its packaging and installed. If coordinating is required please contact:
    1. Asset Management Office:
  4. The exception to the capitalized equipment tag and inventory requirement is modular furniture which can be assembled and re-assembled in various configurations.